Improve Credit Rating

Do you need to improve credit rating? We all generally do, and even if you don't actually need
to, it's always a good idea to find ways to improve credit rating if you can. There are many ways to achieve
this.

In this article we will look at 5 ways to improve credit rating that you can start doing today. We will start with
what not to do with credit cards, why age has advantages, being single could be holding you back, don't rent – buy,
and why paying on time is the only way to go.

1. Be consistent with your credit cards. Jumping from card to card is not a good idea. It shows you up as being
unstable. You can transfer your balance to another card offering 0% interest, but keep the old card on. You don’t
have to use it, just don't cancel it. This will help to improve credit rating.

2. You can only be the age you are, but older people enjoy a better credit rating just because they are older. With
age comes wisdom, seems to be the consideration here. All you can do if you are still young is stay your time
knowing that you can to improve credit rating just a little as each year passes.

3. Single people tend to have poorer credit ratings than married people. The idea seems to be that marriage
indicates better stability in life; you have made a commitment and you are seeing it through. It doesn't matter
that you may both fight like cat and dog, just as long as everything appears to be fine. Of course, a happy
marriage is better for everyone.

4. Buying your own house will bump your credit rating up no end. Naturally, you will need to maintain timely
payments, but just making this major commitment to a lending organization is seen as an excellent reason to improve
credit rating in the credit bureau's eyes. And if you buy a house because you have just got married, then that is
even better. It's really two major commitments in one!

5. It should go without saying, but paying your bills on time every time is the only way to improve credit rating
on a consistent basis. Missing payments or being late with payments makes you be seen as unstable and
unreliable.

Think about it, why would someone who offers credit consider giving anything to you if you don't have a good
history of making timely repayments? Lenders what to know that they can depend on you for getting their money back,
so be dependable and repay everything on time every time!

There are many more ways to improve credit rating. Most of them are little more than common sense.
Those offering credit normally want to know that they will get their money back when you have agreed to give it
back. If your past history with borrowed money is one of forgotten and missed payments, or even court proceedings
to recover debt, then don't expect to be treated sympathetically. You can improve
credit rating, but you have to work at it too.

However, the question of how to establish credit is only served best by making timely repayments, thereby
establishing a good credit history over time.

Credit in MinutesTip #1

Stay on top of your credit report. Most credit reports contain errors. Make sure you check your credit report
every year (you get one free credit report every twelve months) and if there are errors make sure to challenge them
with the reporting credit agency. Credit agencies are required to investigate each and every challenge that gets
reported.

Credit in MinutesTip
#2

Just because you qualify for all of those credit cards does not mean you should get them. A person with too many
credit cards looks sketchy in the eyes of a potential creditor. Think of it this way: if a person is financially
stable does he or she need ten different credit cards? Wouldn’t just one or two suffice?

Credit in MinutesTip
#3

The best way to raise your credit score is to make all of your payments on time. It sounds too simple to be
true, but that’s all there really is to it. Staying out of debt and/or making all of your debt payments on time
will keep your score up where it should be.